| Oritani buys into Morris
Oritani Financial Corp. said Wednesday that it has agreed to buy Greater Community Bancorp for $187 million in stock and cash, to nearly double its size and expand its reach into Morris County. The combined institution, to be called Oritani Community Bank, will have $2.3 billion in assets and 36 branches in Bergen, Passaic, Hudson and Morris. .
Barratt sees sharp fall in sales of private homes
Barratt Developments, the third-largest British homebuilder, gave warning today that tightness in the housing market showed no signs of easing. The builder, which sold one house in ten in the UK last year, said that in the 19 weeks to November 5, private buyers per site were down by 14 per cent. The drop is even steeper once buy-to-let investors are taken into account. The company said that the sharp drop in private sales "reflects the more challenging market conditions but also our decision not to pursue the lower margin segments of the buy-to-let market". .
SNP gathers forces to fight Trident missile replacement
THE Scottish Government yesterday took the first steps towards stopping a new nuclear weapons system being stationed in Scotland. The Ministry of Defence wants the £20 billion replacement for Trident to be based on the Clyde. Ultimately, the decision is up to UK MPs because defence is a reserved issue. .
CryptoLogic Grows Revenue, Earnings in Q3
ALL FINANCIAL FIGURES ARE IN US$ CryptoLogic Limited (Toronto:CRY.TO - News)(Toronto:CXY.TO - News)(NasdaqGS:CRYP - News)(LSE:CRP.L - News), a leading software developer to the global Internet gaming industry, today reported financial results for the three months ended September 30, 2007. The company posted revenue of $17.5 million and net income of $2.4 million ($2.6 million before minority interest), or $0.19 per fully diluted share. CryptoLogic achieved this top- and bottom-line growth over the second quarter notwithstanding the traditionally slow summer season for Internet gaming. .
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